The stock of Alliance Holdings GP, L.P. (NASDAQ:AHGP) hit a new 52-week high and has $37.65 target or 24.00% above today’s $30.36 share price. The 7 months bullish chart indicates low risk for the $1.81 billion company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $37.65 price target is reached, the company will be worth $434.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. Alliance Holdings GP, L.P. (NASDAQ:AHGP) has risen 99.87% since March 30, 2016 and is uptrending. It has outperformed by 96.85% the S&P500.
According to Zacks Investment Research, “Alliance Holdings GP, L.P., through its subsidiaries, produces and markets coal primarily to utilities and industrial users in the United States. It produces a range of steam coal with varying sulfur and heat contents. Alliance Holdings GP, L.P. is a limited partnership formed to own and control Alliance Resource Management GP, LLC, the managing general partner of Alliance Resource Partners, L.P., a publicly traded limited partnership engaged in the production and marketing of coal to major U.S. utilities and industrial users. . In addition, the company leases land and operates a coal loading terminal. . Further, it engages in trading of coal, as well as offers services, including ash and scrubber sludge removal, coal yard maintenance, and arranging alternate transportation services. The company is based in Tulsa, Oklahoma.”
Insitutional Activity: The institutional sentiment decreased to 0.67 in 2016 Q2. Its down 0.44, from 1.11 in 2016Q1. The ratio worsened, as 14 funds sold all Alliance Holdings GP, L.P. shares owned while 13 reduced positions. 4 funds bought stakes while 14 increased positions. They now own 11.95 million shares or 0.27% less from 11.98 million shares in 2016Q1.
Deutsche State Bank Ag, a Germany-based fund reported 20,276 shares. Nfc Limited Liability Corp holds 265,580 shares or 2.63% of its portfolio. Neuberger Berman Group accumulated 7.28M shares or 0.21% of the stock. Moreover, Jpmorgan Chase And has 0% invested in Alliance Holdings GP, L.P. (NASDAQ:AHGP) for 10,160 shares. Manufacturers Life Insurance The holds 0% of its portfolio in Alliance Holdings GP, L.P. (NASDAQ:AHGP) for 1,557 shares. Geode Capital Mgmt Ltd Liability holds 0% or 38,876 shares in its portfolio. Renaissance Llc has 18,915 shares for 0% of their US portfolio. Arrow Inv Advsrs Lc accumulated 0.23% or 49,786 shares. Texas Yale holds 0.05% of its portfolio in Alliance Holdings GP, L.P. (NASDAQ:AHGP) for 24,985 shares. Ladenburg Thalmann Finance Ser Inc last reported 0% of its portfolio in the stock. The Pennsylvania-based Pnc Svcs Group Inc has invested 0% in Alliance Holdings GP, L.P. (NASDAQ:AHGP). Selz Ltd last reported 1.54% of its portfolio in the stock. Management Professionals Incorporated, a Texas-based fund reported 1,200 shares. Pinnacle Hldgs Limited Com has invested 0% of its portfolio in Alliance Holdings GP, L.P. (NASDAQ:AHGP). Gsa Cap Prns Llp has 0.13% invested in the company for 113,836 shares.
Insider Transactions: Since June 9, 2016, the stock had 0 insider purchases, and 1 sale for $251,370 net activity. 12,825 shares were sold by DRUTEN ROBERT J, worth $251,370 on Thursday, June 9.
More notable recent Alliance Holdings GP, L.P. (NASDAQ:AHGP) news were published by: Fool.com which released: “How Safe Are Alliance Holdings GP, LP and Its Dividend?” on October 18, 2016, also Fool.com with their article: “3 Terrible Reasons to Sell Alliance Holdings GP, LP” published on August 25, 2016, Marketwatch.com published: “/quotes/zigman/3870025/realtime” on December 22, 2009. More interesting news about Alliance Holdings GP, L.P. (NASDAQ:AHGP) were released by: Fool.com and their article: “Why Alliance Holdings GP, LP Units Rocketed Nearly 30% in June” published on July 08, 2016 as well as Businesswire.com‘s news article titled: “Alliance Resource Partners, L.P. and Alliance Holdings GP, L.P. Announce Third …” with publication date: October 14, 2016.
AHGP Company Profile
Alliance Holdings GP, L.P. (AHGP), incorporated on November 10, 2005, is a limited partnership company. The Firm owns directly and indirectly 100% of the members’ interest in Alliance Resource Management GP, LLC (MGP), the managing general partner of Alliance Resource Partners, L.P. (ARLP). The Company’s divisions include Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating divisions, including Webster County Coal’s Dotiki mining complex; Gibson County Coal’s mining complex, which includes the Gibson North mine and Gibson South mine; Hopkins County Coal’s mining complex, which includes the Elk Creek mine; White County Coal’s Pattiki mining complex; Warrior’s mining complex; Sebree Mining’s mining complex, which includes the Onton mine, Steamport and certain Sebree Reserves; River View’s mining complex, and the Hamilton mining complex. The Appalachia segment consists of various operating divisions, including the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining mining complex. The Mettiki mining complex includes Mettiki Coal (WV)’s Mountain View mine and Mettiki Coal’s preparation plant.
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